Fisheries and Aquaculture Infrastructure Development Fund (FIDF) Scheme
Features & Benefits
Eligible Applicants
State Governments / Union Territories, State Owned Corporations/State Govt. Undertakings/ Govt. Sponsored / Supported Organizations, Fisheries Cooperative Federations (including FISHCOPFED etc.), Individuals, Cooperatives, collective groups of fish farmers & fish produce groups, Panchayat Raj Institutions/Self Help Groups (SHGs)/ NGOs, SCs/STs/Marginal Farmers, Women & entrepreneurs, Self Help Groups and cooperatives of these, Private companies/entrepreneurs, Physically disabled, Any other institution/entity to be decided by the Government.
Eligible Projects under the scheme
- Establishment of Fishing Harbors
- Establishment of Fish Landing Centers
- Infrastructure for Mari culture and Advanced Inland Fisheries (Ocean farming, Cage Culture etc)
- Construction of Ice Plants (both for marine and inland fisheries
- Development of Cold Storages (both for marine and inland fisheries)
- Fish Transport and Cold Chain Network Infrastructure
- Development of Modern Fish Markets
- Setting up of Brood Banks
- Development of Hatcheries
- Development of Aquaculture
- Modernization of State Fish Seed Farms
- Establishment of state of art Fisheries Training Centres
- Fish Processing Units
- Fish Feed Mills/Plants
- Establishment of Cage culture in Reservoirs
- Introduction of Deep Sea Fishing Vessels
- Establishment of Disease Diagnostic Laboratories
- Development of Mariculture
- Establishment of Aquatic Quarantine Facilities
- Any other innovative projects/activities designed to enhance fish production/productivity/value
Quantum of Finance & Assessment
The project under the FIDF shall be eligible for loan up to 80% of the estimated/actual project cost. Beneficiaries are required to contribute at least 20% of the project cost as margin money.
Loan Period: up to 12 years inclusive of moratorium of 2 years on repayment of principal.
Repayment Options
Term Loan - Monthly/ Quarterly instalments depending upon Cash flow. Graded instalments are also allowed.
Interest frequency – Monthly.
How to Apply
Concessional financing under the FIDF is based on Detailed Project Reports (DPRs)/Self-contained proposals.
- The complete DPRs/self-contained proposals enclosing all approvals necessary for operationalization of the project for seeking concessional financing under the FIDF shall be submitted by the applicant in triplicate copies to Dept of Fisheries and National Fisheries Development Board(NFDB), Hyderabad - Nodal Implementing Agency.(NIA)
- Where to apply: DPR to be sent to: The Joint Secretary (Fisheries), Department of Fisheries, Ministry of Fisheries, Animal Husbandry & Dairying, Krishi Bhawan, New Delhi-110001.
- Copy of DPR to be sent to : The Chief Executive, National Fisheries Development Board, Department of Fisheries, Ministry of Fisheries, Animal Husbandry & Dairying, Pillar:235, PVNR Expressway, Hyderabad-500052.
- NFDB, being the Nodal Implementing Agency (NIA), shall scrutinize, evaluate, and appraise the proposal submitted by the Applicant and place before Central Approval and Monitoring Committee (CAMC) for approval.
- CAMC will consider the proposals placed before it and accord in principle approval to projects signifying approval for grant of interest subvention and recommend such approved proposals to the Bank for considering sanction of loans. Lending decision would be left to the Banks as per their policy and regulatory guidelines.
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